Smart Money Is Betting Big In UBER Options
Portfolio Pulse from Benzinga Insights
Investors with significant capital have taken a bullish stance on Uber Technologies (NYSE:UBER), as evidenced by 12 uncommon options trades spotted by Benzinga's options scanner. The sentiment is predominantly bullish, with 8 call options totaling $2,113,444 and 4 put options totaling $252,686. The expected price range for UBER is between $62.5 and $75.0 over the next three months. Analysts have mixed ratings, with an average target price of $88.4.
July 29, 2024 | 2:46 pm
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Significant investors have taken a bullish stance on Uber Technologies, with 12 uncommon options trades indicating a price range of $62.5 to $75.0 over the next three months. Analysts have mixed ratings, with an average target price of $88.4.
The significant volume of bullish options trades suggests that investors expect Uber's stock price to rise. The mixed but generally positive analyst ratings further support this outlook. The expected price range and the upcoming earnings report could drive short-term price movements.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100